Sydney-based logistics startup Ofload has raised $60 million in Series B round of equity and debt. The raise comes 11 months after the company’s $20 million Series A. The round was led by Singapore VC, Jungle Ventures, alongside existing investors Maersk Growth, the venture arm of transport and supply chain giant AP Moller – Maersk, as… Read more »
New Zealand impact startup Kara Technologies has raised NZ$1.3 million in Seed funding to make sign language more accessible in the media for deaf people. The round was led by Sydney VC Investible and with Kiwi VCs Te Pae ki te Rangi, Quident Ventures, Icehouse Ventures, as well as Startmate. Kara is building a more… Read more »
Sydney medtech startup Vexev has raised $8.5 million to ramp up the global expansion of its 3D medical imaging device. The round was led by San Francisco based deep-tech VC Neotribe Ventures with Blackbird chipping in, alongside, vascular surgeons and imaging firms, Propeller founder Rory San Miguel and Dovetail’s Benjamin Humphrey The new capital is… Read more »
A software platform to help product managers align goals across the board has raised $2.3 million in Seed funding. The round for Sauce was led by Blackbird, and supported by Airtree Ventures , alongside product leaders in several local tech companies including SafetyCulture, Eucalyptus, Respondent, Minnow, EarlyWork, Archangel and UltraViolet Ventures. Sauce was cofounded by… Read more »
Hospitality sector online ordering platform Ordermentum has revealed that it raised $6.2 million in capital in July. Backers in the company’s latest raise include NIB Holdings chair and existing backer David Gordon, plus EVP partner Damon Pezaro. Existing investors include SEEK co-founder Matt Rockman, Pocketbook founder Bosco Tan and Pure Asset Management Ordermentum was cofounded… Read more »
Renewable energy software platform Orkestra has raised $1.1 million in a Seed round to support large power companies roll out new projects. The raise was led by local seed stage VC Tidal Ventures with support from angel investors with links to the energy industry. The capital is will be used to expand Okestra’s team and… Read more »
Queensland agtech startup DataFarming has raised $500,000 in a pre-Series A round led by Sydney VC Investible. Cofounded in 2017 by serial entrepreneurs Tim and Peta Neale, DataFarming help unlock the value of farm data for agronomists and farmers. The business services more than 120,000 paddocks across 28,000 farming enterprises – 40% market penetration in… Read more »
Online fraud prevention startup Darwinium has raised US$10 million (A$15.6m) in a Seed round led by local VCs Blackbird and Airtree. The US-based customer protection platform was founded by Bondi entrepreneur Alisdair Faulkner, cofounder of cybersecurity startup ThreatMetrix, which sold in 2018 for more than A$1.2 billion (US$817m). Joining him at Darwinium is former ThreatMetrix… Read more »
Advertising platform Zitcha has raised $4.7 million in Seed funding in a round led by local VC OIF Ventures. The software platform lets retailers sell advertising space to suppliers to market directly to their customers. It automates marketing purchases by retail brands on retailer channels such as email, apps, digital in-store screens, websites and social… Read more »
An artificial intelligence (AI)-enabled digital assistant called Aimer has raised NZ$1 million to help dairy farmers with pasture management Kiwi startup Aimer Development was backed by food and agritech accelerator Sprout in the fifth of 30 $1 million investments the VC plans to make. Aimer founder and Chief Technical Officer Jeremy Bryant has spent more than… Read more »
Recycling startup Samsara Eco has raised $54 million in a Series A round as it looks to reduce plastic pollution. Existing backers, including CSIRO’s deep tech fund Main Sequence, Woolworths Group’s W23 and Clean Energy Finance Corporation (CEFC) Innovation Fund were joined. by new investors Breakthrough Victoria, Singapore’s Temasek, Assembly Climate Capital, DCVC and INP Capital… Read more »
ReciMe, a social sharing cooking app, has raised $500,000 in pre-Seed funding to help its users share and discover recipes from around the world. The Alice Anderson Fund, LaunchVic’s female-focused co-investment fund, and Tractor Ventures cofounder Jodie Imam are among ReciMe’s backers, along with NZ VC Even Capital. ReciMe began life as a lockdown project… Read more »
Fitness app Steppen has raised $1.65 million in Seed funding to help Gen Z build healthy habits. The latest round was backed by Sydney VC Galileo Ventures, with support from female founder-focused VC Flying Fox, as well as LaunchVic’s Alice Anderson fund. Startmate also invested after Steppen was successful on its second attempt and was… Read more »
Psylo, a preclinical biotech firm, has raised $5 million in Seed funding as it looks to treat mental illness with naturally occurring psychedelic drugs. The fresh capital comes 12 months after the Sydney-based startup emerged Startmate‘s winter 21 cohort with an initial $1.1 million in capital from the likes Airtree’s Daniel Petre in a round led led… Read more »
Victoria’s government-backed startup agency, LaunchVic, is supporting three local accelerator programs with a total of $3.1 million in funding. CEO Dr Kate Cornick the funds will help fast track the growth of up to 160 local startups. “By backing programs with a proven track record of helping founders, we will ensure LaunchVic supports our rapidly… Read more »
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